4802 E FM 198 This beautiful North East TX ranch offers more than just a picturesque setting and peaceful country living, it also presents tremendous income producing potential! Spanning 446 acres of lush native grasses, the ranch currently operates as a well established 120 head cow calf operation. The property features covered cattle working facilities and 6 cross fenced pastures designed for rotational grazing and efficient pasture management. The acreage also offers excellent hay production potential. Additional improvements include a 30 x 40 shop with a 20 overhang for equipment storage. Nine ponds provide ample water throughout the property, along with water fowl hunting and bass fishing. Abundant deer and other wildlife make this property equally appealing for hunting and recreation. At the heart of the ranch is a premier equestrian facility featuring a 100 x 225 ft fully lighted covered arena, allowing riding and training day or night, rain or shine. This state of the art facility offers exceptional income potential through horse training, boarding, lessons and other equestrian ventures. Connected to the arena is a covered 30 x 225 loafing shed with 9 pipe pens and automatic water. Additional equestrian amenities include four 1 acre turnout pastures, two acre turnouts all equipped with sheds and auto water. The ranch also offers three residences, providing plenty of room for family, employees or additional rental income. The Homestead Ranch House: Approximately 1700 sq ft, 3 bed, 1 bath with a beautiful yard and mature pecan trees. The Farmhouse Style Manufactured Home: A 2019, 1400 sq ft 3bed, 2bath . The Barndominium: A newly built 1200 sq ft 2bed, 1 bath. With three residences, an established cattle operation, a premier equestrian facility and abundant recreational opportunities, this one of a kind property offers it all! Conveniently located 20 minutes south of Paris and 80 miles north of Dallas